Respected Team,
I am salaried person and I give per month Rs 10000 to my wife from my salary. My wife is an house wife and she invest that amount in Share market through her Demat account.
Thus, I want to know on Capital Gain on her Demat account will be taxable as her Income or will be clubbed with my Income ?
As per me, she can file her individual ITR and can claim that capital gain as her income.
Please guide.
Thanking You

Sir,
Assess accounting records maintained head office and branch office.but assess branch office rental income show in head office accounting books credited.
Question:
Assess how to accounting entry passed procedure for rental income
Head office books transferred to branch books .

I have sold a 18 year old residential plot on 28.10.2021. I jointly own also one no. residential house since 30.10.2012. As I want to take benefit of Sec 54F, kindly answer my following queries :-

(1) Can I take benefit of Sec 54F (purchase or construction of second new residential house) having owned already one no. residential house ?

(2) If yes, then up to which date can I open a Capital Gain Account & then deposit the entire sale proceed into it ??

Dear All,

What are the GST implication on transfer of business from proprietorship into partnership firm?

Is GST payable on Stock or other assets transferred in such a case?

Thanks & Regards
Nirmal Dave

Sir when sharewarrant are issued they give right to warrant holder to purchase shares at a predetermined rate and at a specified date so they create obligation on company to issue shares to warrant holders so it should be classified as liability but why they are shown in shareholders fund in balance sheet.

Dear Sir/ Madam

I am a Central Government Employee.
I have Purchased a Laptop from A TATA Enterprise Croma with Invoice in my Name and GST Tax Rate @ 18%.
It was Purchased on 25/03/2021 and the Laptop was delivered on 29/03/2021.

Condition for Claiming LTC under Cash Voucher Scheme

1. Goods Should be Purchased on or before 31/03/2021 - Purchased on 25/03/2021.

2. GST on the Goods Should be @ 12% or More - Goods Purchased @ 18% GST.

3. Invoice Should be in the Name of LTC Cash Voucher Scheme Claimer - Invoice is in the Name of the Claimer.

4. Goods delivered to the Claimer and to the Claimer's Address on 29/03/2021

5. Payment Should have been made on or before 31/03/2021 by the Claimer / Spouse - Payment made from Spouse Account on 29/03/2021.

Payment made as follows.

1. Mrs. - A - Employee - the Claiment of LTC Cash Voucher Scheme.
2. Mr. - B - Employee's Spouse
3. Mr. - C - Spouse's Brother
4. Mr. - D - Spouse's Brothers Friend.

The payment was made Digitally.
The payment was made as follows, to avail an extra discount of Rs.2000/- on Purchase, if paid through HDFCBank Credit Card.

1. The payment of Rs. 57,990/- against the Invoice of LTC Cash Voucher Scheme Claimer was paid using HDFC Bank Credit Card of Mr. 'D' on 25/03/2021.

2. An amount of Rs. 58,000/- was transferred through IMPS by Mr. 'B' - from SBI A/C to Mr. 'C' - Axis Bank A/c on 29/03/2021 to be transferred to Mr. 'D' .

3. The amount of Rs. 58,000/- was transferred through IMPS by Mr. 'C' - from Axis Bank on 07/04/2021 to Mr. 'D' - HDFC Bank.

The LTC Cash Voucher Scheme Claim by Mrs. 'A' has been rejected stating that the payment has not been made directly by the Claimer/ Spouse to the Seller.

Though the GST has been paid and digital payment has been made the Claim has been rejected.

Request your goodself to advise me on the matter and am I elegible for the LTC Cash Voucher Scheme Claim.

Dear Sir,

What is an OVERBOOKED CHALLAN ?

What is a booked challan ?

What are the details of challan in 26-Q that can be corrected ?

TDS RETURN has been filed and processed fully & finally but the amount of challan has been wrongly mentioned. How to make correction in challan amount.\

Please guide me and oblige.

TARIQUE RIZVI

Sir,

One of my friend has made an export shippment in FY 2019. While entering the sales in 3B return, instead of Table 3.1 (b), they have entered in Table 3.1 (a). On getting reminder from GST, stating that the said invoice has not been sent to ICEGATE for the error and asking to rectify it, they have now entered the sales in the correct column and have submitted the 3B return and now, the said invoice has been forwarded to ICEGATE ( as per tracking system available in GST portal).
But the issue is, how to get back the TAX credit for the GST amount wrongly entered in Table 3.1 (a) earlier, since the amount has been deducted in the credit ledger at that time, i.e the same GST amount has been deducted twice from the available ITC in the credit ledger in the above 2 occassions.

Pls. advice.

what ratio is to be maintained above subjected under civil and interior work contract for private ltd company, please advise, if sale goes less than purchase, kindly give the suggestion , how should I keep the track of sale of taxable service /goods i.e. material and labour charges and the purchase of material .

Dear Expert,

Request you to please share financial impact analysis format due to change in salaries.

Thank you,
GS